LIU, SHUQIN; LAI, KIN KEUNG; DONG, JICHANG; WANG, SHOU-YANG - In: International Journal of Information Technology & … 05 (2006) 03, pp. 545-556
We present a stochastic optimization model for hotel revenue management with multiple-day stays under an uncertain environment. Since a decision maker may face several scenarios when renting out rooms, we use a semi-absolute deviation model to measure the risk of hotel revenue, and only consider...